Authum completes acquisition of India SME Asset Reconstruction Company

Authum Investment & Infrastructure announced the completion of its acquisition of India SME Asset Reconstruction Company Limited (ISARC) equity shares. The acquisition comprises 130,000,000 newly subscribed shares and 73,250,000 shares purchased from existing shareholders. Following the transaction, Authum now holds 203,250,000 ISARC equity shares, representing approximately 88.37% of ISARC's paid-up share capital, solidifying ISARC as a subsidiary of Authum. In line with Reserve Bank of India approval, Authum will appoint two directors to ISARC's board once the company name is updated in the Register of Members. The announcement, made under Regulation 30 of SEBI LODR Regulations, was disclosed to the BSE and NSE.